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Insurers, China eye AIG's Alico

Three insurance firms and China's state fund are in talks with American International Group Inc. over the takeover of its life insurance unit American Life Insurance Co., sources said. Alico, headquartered in the U.S., operates in 55 countries, including Japan. Read the full story

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Axa, MetLife, Prudential Also Interested In Alico Stake

Axa, MetLife, Prudential Also Interested In Alico StakeTOKYO (Nikkei)--Axa, MetLife Inc. and Prudential Plc are among the major insurance companies said to be expressing interest in acquiring a major stake in American Life Insurance Co., or Alico, from American International Group.

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Alico Japan Suffers Y141bn Net Loss In 1st Half

Alico Japan Suffers Y141bn Net Loss In 1st HalfTOKYO (Nikkei)--Alico Japan, a branch of U.S.-based American Life Insurance Co., chalked up a 141 billion yen net loss for the fiscal first half mainly because of a plunge in the value of its shares in American International Group (AIG) Inc.

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AIG to halt merger between Japan units due to sale

... hold as AIG plans to sell shares in AIG Star and AIG Edison along with American Life Insurance Co (ALICO) under its global restructuring plans, said AIG in a statement. "The merger should reflect the intention of new shareholders," AIG said in a statement. AIG has been trying to sell assets after nearly collapsing in September and has said it plans to sell its businesses in Asia including...

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UPDATE 1-AIG to halt merger between Japan units due to sale

... hold as AIG plans to sell shares in AIG Star and AIG Edison along with American Life Insurance Co (ALICO) under its global restructuring plans, said AIG in a statement."The merger should reflect the intention of new shareholders," AIG said in a statement.AIG has been trying to sell assets after nearly collapsing in September and has said it plans to sell its businesses in Asia including...

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AIG egypt - vanishing of the vice president!!

Dear Sirs, my name is Germaine Morris naguib. working for AIG egypt and ALIco since 2002. Top producer for Alico life insurance and recentlt working in general insurance and joined the AIG. I had a meeting with the ag in which...

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T&D may bid for AIG Japan units - report

... assets globally.The insurer has said it will sell its three Japanese life insurance businesses -- Alico Japan, AIG Edison Life Insurance Co and AIG Star Life Insurance Co.T&D is considering bidding for AIG Edison Life Insurance Co and AIG Star Life Insurance, the Asahi said.A Japanese unit of Prudential Financial Inc (PRU.N: ) plans to bid for the same two units, people familiar with the...

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UPDATE 2-AXA, Metlife,Prudential,CIC in AIG unit talks-sources

... is in separate talks with AIG (AIG.N: , , ) about buying its unit, American Life Insurance Co, or Alico, and the deal is likely to close in the new year, said the sources, who spoke on condition of anonymity.AIG, once the world's largest insurer by market value, is looking to shed assets around the globe to repay a $152 billion U.S. government rescue package.On top of that, it owes around...

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9th Florida panther roadkill of 2008

Driver on Alico Road responsible for another panther death By VALLI FINNEY (Contact) Originally published 3:22 p.m., Friday, November 28, 2008 Updated 6:59 p.m., Friday, November 28, 2008 NAPLES — An endangered male Florida panther was killed by a vehicle Wednesday evening on Alico Road in south Lee County. The panther's carcass was near Devore Lane in the eastbound lanes of Alico...

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Prudential seen in AIG unit talks

TOKYO (Reuters) - Insurance firms Axa , MetLife and Prudential , and China's sovereign wealth fund CIC are all in talks to buy a unit of U.S. insurance firm AIG in a deal that is likely to fetch $10.8 billion (7.31 billion pounds), sources said on Wednesday.

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Today In The Valley (Nov. 26)

Bradley (2-2) vs. Richmond (3-1) 4:00 p.m. Alico Arena; Fort Meyers, Florida Well, I guess it is like they say, a win is a win. Thanks in part to sophomore Will Egolf, Bradley was able to come back and barely escape the Florida-Gulf Coast Eagles last night. Theron Wilson and Sam Maniscalco each chipped in 13 points to tie with game-high honors. The Braves look to carry this bit of momentum into...

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Today In The Valley (Nov. 25)

Bradley (1-2) vs. Florida Gulf Coast (1-2) 6:00 p.m. Alico Arena; Fort Myers, Florida The Braves lost their first game in Fort Myers, to Valley-killers Missouri-Kansas City. After disposing of Wichita State on the road, UMKC beat Bradley 73-61 . BU was sloppy in the loss, committing 23 turnovers and recording just 11 assists. A staple of previous Braves teams, the 3-point shot, seems to be missing...

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4 of 6 cellulosic ethanol demonstration projects still on track; completion expected in 2009-2011 in NE, IA, CA and GA

BioCycle has published a valuable update on the status of the six cellulosic ethanol demonstration-scale projects that received Department of Energy grants of between $40 and $76 million last year. Since 2007, Iogen and Alico have dropped out of the DOE program; however, BlueFire Ethanol, Range Fuels, POET and Abengoa Energy have pressed forward with [...]

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Today In The Valley (Nov. 24)

Bradley (1-1) vs. Missouri-Kansas City (1-3) 4:00 p.m. Alico Arena; Fort Myers, Florida The Braves, led by new-look senior forward Theron Wilson , seek to rebound from their blowout defeat at the hands of the Florida Gators last Sunday. They head down to Fort Myers, Florida, to continue the CBE Classic by playing three games in three days. Bradley’s first game pits them against the Shockers...